Suez Canal Authority

Sangsangin Industry held a steel-cutting ceremony for a 90 billion KRW floating dock ordered by the Suez Canal Authority. The dock has a lifting capacity of 35,000 tons and will be installed in the Suez Canal.

Xiamen Yan Jiang Co. signed a contract to establish a project for non-woven products in the Suez Canal economic zone with investments of about $50 million, creating about 300 jobs.

Taishan Gypsum Board Co., Ltd signed a contract to establish a gypsum board factory in the Suez Canal economic zone with investments of $125 million, creating about 300 jobs.

Shandong Ruyi Spinning & Weaving Co. signed a contract to establish a textile industrial zone in the Suez Canal economic zone with investments of $830 million, creating over 10,000 jobs.